Brazil's Sabesp to issue R$300 million of notes in two tranches

By Reshmi Basu

New York, Feb. 24 - Companhia de Saneamento Básico do Estado de Săo Paulo said it plans to issue R$300 million of notes in dual tranches.

The first tranche for R$200 million carries a maturity of March 1, 2009 and will have a coupon linked to one-day Interbank Deposits.

The second tranche of R$100 million matures on March 1, 2010 and will have a coupon linked to the IGP-M - General Market Price Index.

Banco Santander is the lead manager. Banco ABN Amro Real and Unibanco are also coordinators.

State-controlled Sabesp is Brazil's largest water company.

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